What is Boot Strapped Regression Model

After financial reform, banks in India adopted financial innovations to earn more profits through various off-balance-sheet tools. To gauge the impact of these items on the efficiency of the top private banks, the authors used the non-parametric Malmquist method. They calculated efficiency with and without the inclusion of these items. Technical and technological efficiency changes were calculated to make a total factor productivity change index for ten years, 2008 to 2017. The results for the banks strengthened the dominant view in the current literature, removing off-balance sheet items led to the biased efficiency of these banks. The presence of these items increased the efficiency of the banks. Nonetheless, it also supported that increments in efficiency were more due to technological change. Despite the odd distribution of these items among these banks, they made a significant piece in the income of banks and overlooking them eroded the efficiency of the banks.